First of all let’s say about what is Big Data at all. Big Data is a term appeared in a relatively recent time and and still doesn’t have any strict determination. Beginning from which amount of data could be properly named Big Data and finishing with the methods and software it needs for its procession.
The generally adopted notion is that the Big Data consists of multiple unstructured data of a great even huge size. But the data itself isn’t Big Data even if they have enough great size. We need develop some methods and ways for their processing and “mining” from them some helpful and valuable information along from the ways and methods allowing to arrange them. The most important thing – these methods should be appliable to any amount of data, no matter, for example, if we are talking about World Wide Web itself or just about a litlle segment of it.
On practice Big Data can be extremely various depending on what tasks and goals we are setting:
- Internet users logs;
- data concerning their behaviour and preferences;
- discount cards transactions data in superstores;
- traffic GPS-data;
- transactions in banking;
- social networks data;
- digitalised archives data;
- and so on, so on, so on...
Today the Big Data is one from the most important development drivers in IT area. Global big data market steadly grows all recent years. ResearchAndMarkets forecasts possible growth rate of 19,7% per year for this market. According to IDC, at the end of 2019, the global big data market volume increased by 12% compared to the previous year, and reached $189.1 billion.
Geografically, according to the results of the year 2019, the largest Big Data market was in the US ($100 billion), the second one was in Japan ($9,6 billion) and the third largest one was in the UK ($9,2 billion). Argentina and Vietnam have the largest Compound annual growth rate (CAGR) for the last 5 years (23,1% and 19,4% respectively).
According to IDC forecast, by the year 2025, the general amount of all digital data generated throughout the world will grow up to 175 zettabytes against 40 zettabytes in 2020.
All that numbers show off favorable prospects for global Big Data market development. There is no doubt that soon we’ll see the expanding window of opportuninities here. Big Data steadly comes to our life, so it’s quite crucial to be on the crest of a wave in this sphere.
We thank you for reading and until new meetings here!